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questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
announced in advance will be three on the economy, and one each on health care, the role of government, and governing. with an emphasis through out on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hisses, among other noisy, distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama. and governor romney. [ applause ] >> jim. >> gentlemen, welcome to you both. let's start with the economy. segment one, and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? have you two minutes. each of you have two minutes to start. a coin toss determined, mr. president, you go first. >> thank you very much, jim, for this opportunity. i want to thank governor romney and the university of denver for your hospitality, a lot of points i want to make tonight, but the most important one is that 20 yea
will be free on the economy and one each on health care, the role of garment, and governing. there will be an emphasis throughout on differences, specifics, and choices. both will have two-minute closing statements. the audience has promised to remain silent. no cheers, applause, or other noisy distracting things so we may concentrate on what the candidates have to say. there is a noise exception right now as we welcome president obama and governor romney. [applause] welcome to you both. let's start with the economy. segment one. let's begin with drops. what are -- let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes each to start. the coin toss has determined that mr. president goes first. >> thank you very much for this opportunity. thank you, governor romney, and the university of denver. 20 years ago i became the luckiest man on earth because michelle obama agreed to marry me. i want to wish you happy anniversary and let you know that a year from now we will not be celebrating it
or the candidates. the segments will be three on the economy and one each on health care the role of government, and governing. with an emphasis throughout on differences, specifics, and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers applause boos hiss among other noisy distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though as we welcome president obama and governor romney. [ cheers and applause ] >> jim. >> gentlemen, welcome to you both. let's start the economy segment 1, and let's begin with jobs. what are the major differences between the two of you about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has been determined mr. president you go first. >> obama: thank you very much for this opportunity. i want to thank governor romney and the university of colorado for your hospitality. 20 years ago i became the luckiest man on earth because michelle obama agreed t
the president is leading look at this number, economic optimism. 57% now believe the economy is recovering. that number is up six points in just the past few weekz. ultimately this race will be won in nine battleground states. florida, virginia, and ohio romney is tight in the races with the states of fluidity, florida and virginia. in florida obama and romney are neck and neck. virginia romney has narrowed the lead from 5 to 2. another statistical tie. in ohio the president has improved his standing. he leads romney there by eight points. and for those wondering about the party idea the sample is less democratic in ohio this time than the last poll. digging deeper into our numbers we divided thet battleground states by three measures. president's job rating. romney's favorability rating that number is still under water he has problems and the question of which candidate is better equipped to manage the economy. remember the unemployment rate is 5.9% in virginia. romney's favorable in florida but under in virginia and ohio. when it comes to who is better able to manage the economy a questi
much to improve the economy, but he is waiting for one of them to say something concrete about how they'll fix immigration. >> well, i have friends. i have family members that are not legally here in the country, and there is no solution in sight. >> two more presidential debates to go. latinos here will be watching closely. miguel marquez, cnn, denver. >>> the number of potential latino voters growing by 50,000 every month. it is a voting block that could have i major impact on the presidential election. join cnn for a closer look at the fight to win the latino vote. latino in america courting their vote, 8:00 eastern sunday on cnn. >> it was a big night for mitt romney, but was it enough to move the polls. take a look at what voters thought about this debate by the numbers. president obama about to make his pitch to voters in denver. we'll bring that to you live. ad people are driving this change. that's the per of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the n
: steve, on the economy specifically, a majority of voters disapprove of the handling of the economy by the president. take a look at this. almost 60% think his economic policies have actually hurt the economy or made no difference at all and that of course is by far the number one issue yet 50% say he deserves to be reelected. do you think, steve, people believe the bill clinton argument that nobody, no president, could have actually solved this in four years? >> yeah, i do think that had some effect. there is no question that president obama came out of the conventions with a little bit of momentum. you talk, it is not only showing up in the public polling that we're talking about here today but talk to republican pollsters polling on senate and house races and they will talk about what they call the clinton bump. they have seen it across polling in various parts of the country that voters who are asked a question is the country on the right track, is the country on the wrong track, which most pollsters believe the single best determiner ho will win in november, there was a jump in
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
on the campaign, but the public sort of is already absorbed the economy through their own prism. >> we are keeping our eye on two different things. we will get reaction from the president who will speak live at george mason university, and then mitt romney will kick off a campaign event within the hour as well in the southwestern virginia town of of aiavington. 86,000 more jobs added in july and august than previously thought. total unemployment rose by 873,000 jobs last month. that is the biggest one-month increase in nearly 30 years. will these new numbers mean lights out for romney's post debate afterglow? new ads kat aare catered to cri inting states. joining me live is jan schakowsky. congresswoman, it's great to have you here. business pioneer jack welch basically calls these numbers into question. had this remark that he tweeted out earlier today saying, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. what do you say to that? even the white house though right now this morning reluctant to spike the football on this. in their statement saying
this insane claim making about how one candidate or another is going to transform this economy. we heard romney the other night. he's got no transformational ideas except trickle down economics which we've seen doesn't work. we're not going to have miracles here. we need steady leadership, and whoever can provide that and be honest with the american people about steady leadership in terms of recovery and how he is going to do it as president ought to be the president. but enough of this rhetoric. >> to your point that the truth is important after these jobs numbers came out, jack welch tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change the numbers. they are saying, rana, that these numbers were manipulated. >> that's nonsense. come on. >> if they were manipulated he would have boosted the manufacturing numbers. they were still down. these were mostly gains in health and education. i'm hopeful actually that the ticking down of the unemployment figure will make it a little easier to come to the kind of grand bargain we're going to need to come t
the economy -- >> let's get back to medicare. the president said that the government could provide the service at a lower cost and without a profit. if that's the case then it will always be the best product that people can purchase. >> just a minute, governor. >> my experience is the private sector is typically able to provide a better product at a lower cost. >> can the two of you agree that the voters have a choice, a clear choice between the two of you on medicare? >> absolutely. >> all right. so to finish quickly, briefly on the economy, what is your view about the level of federal regulation of the economy right now? is there too much? and in your se, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to
18,000 jobs in the sector. that is where the economy is being structured these days. 10,000 jobs in construction. manufacturing, 4000 jobs. melissa: we were looking at 113, does that make that same life? i just want to remind everyone that is not a good number. >> finding the list that the government number includes state and local layoffs. i don't think that adp number includes that. when you look at those two numbers since january, you will see a defeat for 172,000 jobs a month where it is about 150,000. it has to be above 200,000 to keep up with population growth. again, 8.2% we are looking at coming in for friday. lori: full employment around 4%? nobody talks about that anymore. >> we just talk about the jobless rate. lori: the temperature is going down, find your heating costs going way up? the impact the winter will have on the economy. melissa: take a look at metals had with those who break. gold trading up. copper, basically what. we will be right back. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier
's talk numbers, facts, sheer numbers and what they s about our economy today. >> you actually put the perfect point on it. 114,000 jobs created doesn't blow the lights out. the unemployment rate dropped from 8.1% to 7.8%. it is interesting. i have long said, ashleigh, don't pay attention to the unemployment rate, it measures a different thing every month. it is not a consistent measure from month to month. we look at how many jobs are created or lost. and it is sentimental. if there are 114,000 jobs created, it may mean wages are going up you see that on the right side of your screen. you can see compared to the last four years, it is better than it was four years ago. not as good tass was in certain parts of 2010, late 2011 and the beginning of this year. this is nothing to crow about on either side. but it is right where we thought it would be, the surprise is the unemployment number. i'll tell you one other thing, ashleigh, we revise prior months, so july and august, we ended up gaining 86,000 more john jobs than we thought we had. >> there is a bit of a change. i get it, data
they both say that they have the answers to try to turn the economy around xshgs it really comes down to appealing to we think about 6% of the electorate right now who hasn't decided who they're going to vote for. of that 6% they live in nine states, including the state that i'm standing in right now. the other states that we're really focussing on as we just talked about, virginia, florida, ohio, it's also nevada, iowa, new hampshire. it's all across the spectrum of who these candidates are trying to reach out to, suzanne. >> and right where you rshgs of course, you mention in colorado nine electoral votes. critical to get them to the magic nm number needed to win. president obama seems to have the advantage in this state, and, of course, the dnc held their convention there back in 2008. how much does it matter to have the hometown advantage, to have the people who are sitting in that audience and perhaps you are ahead in the polls? does it make that much difference in a debate setting? >> well, he certainly has a little bit of a lead right now, according to the latest cnn poll of po
's focus is domestic. >> yep. >> no bigger domestic issue than the economy, as we know. we'll have a rather open format. do you think we'll actually hear a specific from mr. romney on how he plans for a revenue-neutral 20% tax cut across the board for every american? are we going to hear that tonight in. >> no, absolutely not. i think what you're going to hear and see is more of a tactic. sort of a communications tactic of making it sound like he's talking like a plan, like that 17,000 cap he threw out the other day and then his team walked that right back. probably -- >> karen, that's known as i've got a hole in my pocket, dear liza. >> that's right. you'll hear him talk about a number of these things as if it sounds like a plan, but without any specifics. i think what you'll see from the president is more specifics. again, the president actually has a record to talk about. i mean, put forward a health care plan. happened to be, you know, based on mitt's, but whatever. he has a jobs plan, a number of things of specifics he can point to whereas romney doesn't. i think that will be part of t
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
of return. do something to get the economy to move again. i think there's a lot of compelling unions that are think abouting it circhtly. to underestimate the kind of [inaudible] >> i would say one thing to watch political any in the jersey we come from a unionized state than a lot of states in the south. the union have different power and i think one of the things that is important to watch you saw it in wisconsin and you see in other places it's a growing system between public sector and union work force which is growing and the trade and the private sector. they are different views on politics and very different views on public policy coming from both sides. i think we're at an early stage on that. i think it is something to watch as we go forward in terms of the political objectives of public sector and private sector which ultimately different subjective you will see a bit of divergence in that. >> people love to talk about it. the division between public and private sector unions. there a certain number of tenet whether you're public or private. [inaudible] what you pay for the
, including iowa. it'timeor aew enomiargument. patriotism. rooted in the belief that growing our economy against with a strong, thriving middle class. read my plan. compare it to governor romney's and ciorrs anksor lteni. >> the president introduced the theme of economic patriotism into his stump speech at a campaign event in virginia today. >> during campaign season, you always hear a lot about patriotism. well, u know what? it's time foa neecon ioti. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> this is a new line in the president's campaign speech. it's not simply a call for policies and programs to support the middle class. it's a contrast with his opnent. thcontst ion fl display in another ad using mitt romney's own words. >> there are 47% of the people who will vote for the president no matter what, who are dependent upon government, who believe they are victims, who believes government has a responsibility to care for them, who believe they're entitled to health care, foo houng, u nat. they'll vote for the p
the president created a big problem for himself. i don't think he explained himself very well on the economy. i thought he was off his game. i was stunned tonight. rash elyou just mentioned about time, the president needs to get in and fight for that time. there's people that expect him to fight for that time. >> i thought the one thing that mitt romney did tonight that he has not done for the duration of the campaign and was very effective was just lop off the right wing of his party. he didn't care about them tonight. if something was popular, more money for community schools, he was for that. it didn't matter if it would make the right wing, how. whenever the president named a popular policy, more spending on education, more money on medicare, he was for it and he would attack the president for things that were unpopular. so the question becomes can you effectively tie mitt romney to the republican party and its core commitments, both how it acts in the house and the things he has said during the republican debates. and that never really happened tonight. but those of course are the facts of
the president's handling of the economy and what mitt romney would do were he elected president to fix the economy. so that is basically the game plan from the romney campaign, do no harm and live to fight another day. >> it is interesting to say he's not looking for a knockout punch, that's apparently what shannon o'brien who was hoping to win that gubernatorial race in massachusetts back in 2002, that's what he said she was so good at. we're talking to her later. romney has been pretty -- he's been known to get forceful, jim, when he lets his dander up, if you will. let's look at a clip here from a debate, a year ago, this is romney, rick perry, mostly romney. roll it. >> the way the rules work here is i get 60 seconds, and you get -- and you get 30 seconds to respond, right? anderson -- would you please wait? are you just going to keep talking? >> yes. >> are you going to let me finish with what i have to say. >> remember that moment? i guess my question, having seen that back and forth, remember, you know, romney kind of getting into rick perry's face, can you be that aggressive to
a red flag for the economy. we'll talk more about the transports and what they're telling us at 6:40. we'll also focus on the economy with the man who is charged with officially calling recessions and the end of those recessions. james poterba will be here at 7:30. and our corporate story of the morning, smartphones and mobile devices. apple launches the new iphone 5 in 22 more countries today and this comes after blackberry posted better than expected quarterly results after the bell last night. still, it is an uphill climb for this company. we'll be talking to research in motion ceo. and plus we will welcome today's political news maker, senator rand paul, one of the nation's best known tea party members. and by the way, in case you went to sleep early last night, the official nfl refs were back on the field. get this, they got a standing ovation as they took the field. the ravens beating the browns 23-16. we will have more on the game and on what's happening in sports at 6:20 eastern time. first andrew has the morning's top business headlines. >>> on the global markets agenda, results
system? >> i think that is an important question, especially for our economy. i want to point out one thing. she posed for sequestration and now says it will not happen. can you imagine that kind of leadership? she goes for the fiscal cliff and now she says it will not happen. let's talk about education. this is the problem i see. we have a department of education in washington. they have 3500 employees that make over $100,000 a year. they are dictating to the school district how to do their jobs. i think that is a shame and it is wrong. i am not talking about closing down the department of education. i have never said that and never will. can we reduce the size of that department of education and get that money down to the school district? i believe the best education for children in nevada comes between parents, teachers, and principles. -- principals. those are who should be making the decisions. >> if i could quickly comment. my opponent mentioned my vote on sequestration. just a few questions ago, he said he voted to end medicare by turning it over to private insurance companies
the military but the economy, too. according to president obama, there is such a thing as economic patriotism. >> during campaign season you always hear a lot about patriotism. well, you know what? it's time for a new economic patriotism. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> it's become sort of a democratic man tra. in 2008, it was said the richer needs to pay more. >> no wone has more patriotism than even money needs a passport. summers on the beaches of the cayman islands and winters on the slopes of the swiss alps. >> ouch. the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism, faceb
at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this reason. if they want to go in the military, why, he is planning on cutting our military by about $1 trillion over the next decade. if they want to go on to either get a job directly or go on to a four-year college and come out with a gee, you know that 50% of kids coming out of college today can't find a job or a college level job. on both fronts, this president's policies have not worked for the young people of america. >> their first debate happens on wednesday. the romney team is downplaying expectations. romney advisor beth myers distributes this memo explaining why the president is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president will use his ample rhetorical g
left behind a wife and two daughters. >>> need a sign that the economy is picking up? belly up to the bar. beer sales are up for the first time since 2008. alison kosik is at the new york stock exchange. is this a bellwether? >> it is, just like lipstick. lipstick sales went up during the recession. they couldn't spend big on other things. beer is a great indicator. it looks like young men seem to be pushing up beer sales. brewers have said that beer sales have struggled over the past few years because young, blue-collared guys were hit hard by the the recession. now there's a recovery. unemployment rate is falling for men in their 20s. more jobs means more money to spend. wall street journal says beer sales are actually up 2% this year, following three years of decline. it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a hom
trying to dig the economy out of a massive hole. we were facing this economic collapse and he came into office and he has a long way to go. he needs four more years to make the difference that he's -- that we're starting to make now. and that we just need to believe that his policies do make a difference. he can now point to the data to say, look, they're making that difference. >> so that tells me even though we for so many people, the psychological number, eight, not that we're under the 8% mark in unemployment, do the obama folks think we're not over the hump, economically speaking? >> they concede that and that people are still hurting and what matters to people at home is not some number that the labor department puts out, but their own economic circumstance and whether they have a job, whether they know somebody unemployed and this is very abstract. so people are still hurting. but in terms of the political gamesmanship, 8% is an important marker because when the president passed the stimulus, one of his economists projected, it wasn't a promise, but a projection that 8% woul
of the economy, and where the jobs are now? >> it says, quite frankly, suzanne, that you're seeing steady hiring. not robust hiring, but steady hiring, and when you look at the unemployment rate dropping to 7.8% we know that there are people who are getting part-time jobs. there are people who are starting their own companies or starting to work for themselves from home. that's what is moving those numbers. you see that the private sector added 104,000 jobs, and the government sect or added 10,000. we saw health care jobs created. more than 44,000 there. this has been a trend for a couple of years. about 16,000 jobs lost over there in the manufacturing sector, which is, of course, very, very important to some of these battleground states, suzanne. >> christy, some of the attacks from conservatives, such as jack welch, saying they don't believe the numbers. they believe the books are cooked essentially. explain the process of how we reach these numbers today? >> there's spin, and then there are conspiracy theories, and the spin, which is valid, if spin can be valid, is that, you know, look, you s
Search Results 0 to 49 of about 72 (some duplicates have been removed)